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Showing 71 - 80 of 1697 results for "Managed fund"

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
Investors abandoned unlisted managed equity funds in record amounts in the June quarter, data from Calastone reveals, as they look to cash and fixed interest for security. Some $2.8 billion is the largest outflow Calastone has recorded in the last five ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... industry trends, such as the increasing adoption of ETPs by retail investors and financial advisers, the entry of managed fund transactions services like Calastone and Clearstream into the Australian market, and regulatory disparities in the Design and ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... 2021, when compared to other microcap funds listed on Morningstar". "Uncharacteristically for an Australian actively managed fund, however, Magnolia has contributed 70% of the funds under management (FUM) from its own balance sheet to date," he said. ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

Managed fund research lead at Koda resigns

KARREN VERGARA  |  MONDAY, 26 JUN 2023
The head of managed fund research at Koda Capital announced his intentions to leave the Sydney-based firm he joined more than eight years ago. Jason Coggins, also a partner at Koda Capital, has resigned and plans to take a break, a spokesperson confirmed. ...

Aussie small caps, property funds in the red

KARREN VERGARA  |  WEDNESDAY, 21 JUN 2023
Australian small cap and property investors experienced a rough 12 months of disappointing performance as macroeconomic conditions batter returns that ended up well in the red. Rainmaker's Wholesale managed funds April report shows that the property ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Australian Ethical has chosen GROW Technology Services as its superannuation administration provider, marking the start of a multi-year transition. In a business update, Australian Ethical explained that following its merger with Christian Super, its ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
The fund manager bled $12.6 billion in outflows across several managed funds in the year to March, Rainmaker research shows. Four of First Sentier Investors' products lost more than $1 billion in net flows each, Rainmaker's latest Wholesale ...

Active fund outperformance mostly short-lived: SPIVA

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
The S&P Indices Versus Active (SPIVA) Persistence Scorecard has shown a staggering number of Australian actively managed funds failed to outperform over five consecutive years. According to the report, nearly no actively managed equity, A-REIT and fixed ...